According to a statement issued by Neotel, its Chief Financial Officer – Steven Whiley – has resigned from his position.
According to the company, the resignation will be effective from 30 November 2015.
Whiley as well as CEO Sunil Joshi had been placed on “special leave” after Deloitte had discovered that payments that ventured into the millions, according to the Mail & Guardian, had been made to a company named Homix.
According to the report: Neotel, Deloitte said, remitted R30-million to Homix in April, 2014 and R36-million in February 2015. Another R25-million was agreed but not yet paid. Each was in respect of contracts being secured with Transnet, a key Neotel customer.
The statement issued by Neotel reads as follows:
“The placing of Mr Steven Whiley on leave was a Board initiated process, whilst an investigation was being conducted into certain transactions involving Neotel (Pty) Ltd and Homix (Pty) Ltd.”
“Mr Steven Whiley complied with this process, cooperated therewith and fully supported the Board of Neotel, for which the Board is most grateful. With the information currently at its disposal the Board is satisfied that Steven Whiley has at all times acted with integrity.”
“As a result of the lengthy duration of the investigation, Mr Steven Whiley has decided to pursue his own interests, and will resign from Neotel with effect from 30 November 2015.”